Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1887-08-05

The Real Estate Boom.
Reports iron various cities 81 the
Country Brad streets Jonrnal q New
York business public ton gives spe-
Ecial reports from 233I cities showing 4
large advance ID prices 81 real estate.
not only IA the West but also III the
East. The stat nnsnt j 8 very com.
:prehensive and Indicates that 3 boom
n real estsate through out che country
viii be very generally felt before The
close Of che year. The causes 81 the
real estate boom Brad street' i believes
are briefly the revival IN general trade
and the investment Of funds which
have been locked up for several years
past aawaiting investment. These ID.
yestments have naturally led to spec
nIation and TO 8 general rise in prices,
From the careful special reports il
Bradstreet' s from the various cities
we CLEAN the following interesting
facts. 5.z sSs
The rise ID New, York has beenuni.
iornlly upward since 1879. In Brook
lyn activity is principally confined 10
the outlying wards, where real estate
has advanced from so to SO per cent.
In Philadelphia the boom owes its
Inspiration very largely to- the bust
ness depression prevailing four years
ago. In Boston there has been asteady
demand at fair value for several years
and the northern suburbs have had q
special growth with an inadequate
supply OF detached houses. In Chicago
during the last three years Of depres-
sionin general business realty hasbeen
active and strong. In st Louis BUSH
ness property centrally located shows
an advance OF 20 to 80 per cent, and
property in the suburbs is in general
request. In Duluth, Mimi, suburban
property has shown the greatest in
crease, advancing from 100 to 200
per cent for lands situated from
one to three miles from the
city. The boom at Fort
Smith Ark, was caused by railroad
extensions recently made, and the de-
mand has been mainly for suburban
property. At ST.. Joseph, Mo-, spec.
sulation in real estate reached its max
imum height during February last and
was caused by investment by promi-
nent business men in real estate ad-
joining the city limits. In Rome, Ca,
the rise in real estateresultedf from the
building Of new lines Of railroad and
the influx OF capital which has engaged
in developing the mineral resources.
In Louisville an organization OF citi-
5zens has forwarded the Improvement
in realty value with excellent results.
In Cleveland prices have increased
about 20 per cent for desirable bust
ness locations, and in the suburbs
have advanced considerably. A rise
Of 80 to 40 per cent in farm lands in
the vicinity of Columbus, Ohio, is no.
ticed, and in Minneapolis the greatest
relative speculative activity of late
has been shown in suburban prop
.erty. The population OF Minneapolis
in 1880 was 46, 600. It is now esti-
mated at 15O, 900 and is still rapidly
increasing. In Richmond, Va., active
speculation in real estate began about
six months ago and extends through
out the entire city and suburbs. In
Cincinnati the advance in real estate
commenced about a year ago and q
successful effort toward substantially
improving the city streets was q fac
tor in the Improvement. Increased
numbers of fine suburban residences
are in course Of erection, In Daven-
port, Iowa, real estate had been very
low since a 8 49, The growth OF the
city has led to a growth in real estate
values. The boom in Kansas City,
Mo-, has been continuo usfor the past
three years with more than three
fourths OF the capital invested com
ing from the East. Suburban prop
erty from one to three miles from the
city cannot be bought except in one
or two cases for less than double the
valuation of IL months since. The
boom in Birmingham, Ala, began a.
year ago and has steadily grown,
with an outflow OF population and
construction OF railroads as factors.
Business lots worth in January, 1886,
$4,000 are worth SIS, 900, and build.
ing lots have advanced from 81, 500
to So, 500. At Chattanooga, Tenn,
decided rise in real estate was noticed
about the middle of December, 1886,
caused by the unexampled growth OF
the city, its population doubling be-
tween 1873 and 1883 and again be-
tween 1883 and 1856. Activity in
reality, has been very marked in su.
tburban tracts. At Wichita, Kansas,
it's adoption as the centre OF q rich ag-
ricultural section and q railroad cen
tire has given it great activity. Bust
ness lots on the principal streets which
sold for $4,000 three wears ago are
now worth $4,000, Some families
are living in tents awaiting the COM
.pletion of houses. Three thousand
houses will be erected during this year.
in Nashville, Tenn, real estate specu-
lation began last fall, first in vacant
lots and then extended to improved
property. It was caused by the or.
ganization OF new manufact curing in
dnstries. AT st. Paul, Mimi, s. rise.
began the latter part of September,
1856. From $500 to 5000 er3front
foot vas then charged for hoice busi-5
ness property. Now from $7OO to
$1,000 is asked. .s5 s s 5sss
Il Cure For A1cOh lfslil.
From che Goni1uc ticut Home.
# was one 81 those unfortunates
given 70 strong drink. Itrednced me
to degradation. I vowed and strove.
long and hard, but ! seld om held vic
tory overl liquor long. I hated drunk
enness, but still I drank. When I left
II Of felt . horrld want Of sonnet thing
Il n1i1st have 0r "a. fdistranf.rd q. u cIa11ld